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Gross income


Gross income in United States tax law is receipts and gains from all sources. Gross income is .... For a definition of economic income, see Haig-Simons income.

Gross Income Definition | Investopedia


1. An individual's total personal income, before accounting for taxes or deductions. 2. A company's revenue minus cost of goods sold. Also called "gross profit" ...

What is gross income? definition and meaning


Definition of gross income: The amount by which sales revenue exceeds production costs (cost of sales). Though operating income gives a more accurate  ...

Definition of Adjusted Gross Income - IRS.gov


Jan 11, 2016 ... Adjusted Gross Income is defined as gross income minus ... We suggest you refer to your 2014 federal income tax return to get a quick estimate ...

What is gross income and what is net? | Yahoo Answers


Jul 31, 2007 ... Best Answer: Gross income is before taxes and deductions, and net ... go on for days to figure out the actual Adjusted Gross definition I'm sure.

The Differences Between Net & Gross Income for a Business | Chron ...


When you prepare an income statement for your business, you must calculate both gross and net figures. Doing so allows you to gauge the viability of your ...

The Meaning of “Gross Income” - Interactive Casebook Series


tion 61(a) offers fifteen examples of items that are included in gross income, but the list is ... is the taxpayer's income under the Haig-Simons definition of income?

Dependent and Income Definitions | California Franchise Tax Board


Gross Income Definition; Adjusted Gross Income Definition; Children with Investment Income; Other Situations When You Must File; Earned Income Definition ...

NJ Division of Taxation - Gross Income Tax Overview - State.nj.us


Description This graduated tax is levied on gross income earned or received after June 30, 1976, by New Jersey resident and nonresident individuals, estates, ...

Gross Profit Definition & Example | Investing Answers


Here's a modified income statement of a large technology company. As you can see, gross profit is the preliminary measure of profitability before operating ...

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Gross income | Define Gross income at Dictionary.com


Gross income definition, Accounting. total revenue received before any deductions or allowances, as for rent, cost of goods sold, taxes, etc. See more.

What is a Gross Annual Income? definition and meaning


Definition of gross annual income: Total amount of income earned annually. Gross annual income represents the amount of money a person earns in one year ...

Gross Monthly Income From Work Concepts and Definitions


Jun 27, 2013 ... For employees, it refers to the gross monthly wages or salaries before deduction of employee CPF contributions and personal income tax.